Ensign Energy Services Inc. (ESI.TO) (TSE:ESI) Lifted to “Outperform” at Raymond James


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Ensign Energy Services Inc. (ESI.TO) (TSE:ESI) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, Anlyst Ratings reports. The firm presently has a C$1.25 target price on the stock, up from their previous target price of C$0.45.

Other analysts have also recently issued research reports about the company. ATB Capital cut their target price on Ensign Energy Services Inc. (ESI.TO) from C$0.75 to C$0.55 in a research report on Tuesday, October 13th. BMO Capital Markets lifted their target price on Ensign Energy Services Inc. (ESI.TO) from C$0.65 to C$1.00 and gave the stock a “market perform” rating in a research report on Monday, January 4th. Canaccord Genuity lifted their target price on Ensign Energy Services Inc. (ESI.TO) from C$0.80 to C$1.25 and gave the stock a “market perform” rating in a research report on Thursday, January 7th. Cormark cut Ensign Energy Services Inc. (ESI.TO) from a “buy” rating to a “market perform” rating and cut their target price for the stock from C$1.25 to C$0.90 in a research report on Tuesday, September 29th. Finally, Stifel Firstegy upgraded Ensign Energy Services Inc. (ESI.TO) from a “sell” rating to a “hold” rating in a research report on Thursday, January 7th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$0.83.

Shares of TSE ESI opened at C$1.25 on Tuesday. The company has a market capitalization of C$202.67 million and a price-to-earnings ratio of -1.32. The company has a debt-to-equity ratio of 105.52, a current ratio of 1.45 and a quick ratio of 1.15. The business has a 50-day moving average of C$0.97 and a two-hundred day moving average of C$0.74. Ensign Energy Services Inc. has a 1 year low of C$0.00 and a 1 year high of C$2.69.

Ensign Energy Services Inc. (ESI.TO) (TSE:ESI) last announced its quarterly earnings results on Thursday, November 5th. The company reported C($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.40) by C($0.01). The business had revenue of C$156.93 million during the quarter, compared to the consensus estimate of C$163.45 million. As a group, equities research analysts expect that Ensign Energy Services Inc. will post -1.35 earnings per share for the current year.

In related news, Senior Officer Robert Harold Geddes purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of C$0.55 per share, for a total transaction of C$27,500.00. Following the transaction, the insider now directly owns 1,093,842 shares of the company’s stock, valued at approximately C$601,613.10.

Ensign Energy Services Inc. (ESI.TO) Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the oil and natural gas industry in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and other services.

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Analyst Recommendations for Ensign Energy Services Inc. (ESI.TO) (TSE:ESI)

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